Investcorp acquires POC for $65 million

STOCKHOLM (BRAIN) — Swedish skiing and cycling helmet and apparel company POC has been acquired by Investcorp Group, an investment management firm, for $65 million from its parent, outdoor equipment company Black Diamond.

Investcorp, which is publicly traded on the Bahrain Bourse under the symbol INVCORP, manages corporate investments in the U.S., Europe and the Persian Gulf, real estate investment in the U.S and global hedge funds.